TOKYO -- Mitsubishi Motors will slash output by 16,000 units worldwide in May, the Japanese automaker said Friday, after a factory fire at key supplier Renesas Electronics squeezed the already tight global supply of automotive semiconductors.
Automobiles
Mitsubishi cuts output by another 16,000 vehicles on chip crunch
Japanese automakers scramble as Renesas fire exacerbates the shortage
Mitsubishi Motors trucks in Thailand: The automaker's production cuts this year will total 27,500 units through May amid a global shortage of automotive chips. (Photo by Akira Kodaka)
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